# PPP loan: MERIT ELECTRIC OF SPOKANE, INC
> **$2.48M** approved 04/07/2020 · Paid in Full · Loan `7555597002`
## Borrower
- **Name:** MERIT ELECTRIC OF SPOKANE, INC
- **Address:** 815 N Helena, SPOKANE, WA, 99202-2828
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.48M
- **Initial approval:** $3.07M
- **Forgiven:** $2.51M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.48M
- **Jobs reported:** 142
## Lender
- **Originating:** Washington Trust Bank
- **Servicing:** Washington Trust Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*